HOW INDUSTRIES CAN TAKE ACTION

5 actions industries can take to mitigate climate risk

and capitalise on opportunities.

1. Harness the power of renewable energy

Give green energy a go and invest in infrastructure (e.g., electrification of processes and using renewable energy technology) to minimise emissions and gain a competitive edge.

Using renewable resources is an essential climate action for businesses looking to thrive in a low-carbon world. Find support available to help businesses transition to a renewable energy future.

There are also cost benefits to transitioning to cleaner, more efficient energy. Renewable energy is becoming more affordable and accessible, making it a smart financial choice for businesses in the long term. So why wouldn’t you want to make the switch?

2. Innovate and invest in technologies

Innovation is essential for the decarbonisation of industries, and we’re backing emerging technologies to strengthen Western Australia’s future, reduce our carbon footprint, create new opportunities, and drive economic growth in sustainable ways.

Get involved with initiatives like the Carbon Innovation Grants Program, which focuses on cutting-edge technologies to remove, reduce, or offset emissions from industrial processes.

Some businesses can also earn Australian Carbon Credit Units (ACCUs) through the Emissions Reduction Fund by delivering low-carbon projects. This scheme incentivises businesses to cut their emissions and earn ACCUs for every tonne of carbon equivalent they store or avoid emitting. Opportunities for creating credits are available through the Western Australian Carbon Farming and Land Restoration Program.

Businesses can buy carbon credits to offset their hardest to abate carbon emissions and contribute to clean energy projects and other initiatives that reduce greenhouse gas emissions.

3. Reskill for future jobs

The world is rapidly changing and Western Australia is diversifying the economy to lead the transition to a clean energy future. In order to prepare for the jobs of the future and emerging industries, businesses must focus on building resilience and developing their workforce.

There are many training initiatives to support skills development through local training programs to help Western Australians become job ready. Major TAFE infrastructure upgrades are also underway to meet future industry training needs.

There are Jobs and Skills Centres in metro and regional areas offering free advice and resources to support employers and business owners. Services are customised to meet enterprise-specific needs to support your workforce planning and ensure your business is set up for success.

4. Develop strategies through collaboration

The Sectoral Emissions Reduction Strategies (SERS) will provide robust and credible emissions reduction pathways for Western Australia, with tangible actions for reducing emissions to achieve Western Australia’s target of net zero emissions by 2050.

Set for release at the end of 2023, SERS will deliver practical emissions reduction pathways to help make the investment decisions needed to reduce emissions across the economy.

There is significant expertise within industries and action already underway to reduce emissions and meet ambitious corporate targets.

There will be an emphasis on government and industry partnerships to address the shared challenge, leverage opportunities and ensure SERS deliver credible and practical emissions reduction pathways.

5. Engage with communities and stakeholders

Partnering with Aboriginal people, local communities, governments, universities, and organisations is necessary to protect our environment and reduce carbon emissions.

Industry can support these efforts by connecting with stakeholders via community forums, newsletters, reports, surveys, consultation groups to develop social and environmental programs.

By engaging with stakeholders, industry can gain valuable insight into local concerns and priorities, and help create solutions that are effective, efficient, and equitable.